SMM7 March 17: according to SMM research, copper inventory in Shanghai Free Trade Zone increased by 2500 tons to 212500 tons on Friday compared with last Friday, the second consecutive week of inventory growth. With the arrival of the traditional off-season of copper consumption in July, during the same period, the copper disk price was high and suppressed demand, superimposed scrap copper squeezed effect on refined copper, domestic consumption weakened. This week, the import window is closed for most of the time, the number of imports declared by the market is limited, and the bonded warehouse inventory has further increased.
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